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If you are a company and purchasing software for the company then the entry would be a credit to the checking/cash account and then a debit to an expense account.

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โˆ™ 2014-03-28 17:52:22
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โˆ™ 2014-12-21 13:48:28

debit software
credit cash

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Q: What is the journal entry in purchasing software?
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Related questions

What are the journal entry on purchase of software?

Debit software purchase accountCredit cash / bank

What is the journal entry for purchasing finished goods?

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What is the journal entry when purchasing a company?

Debit assetsCredit liabilitiescredit cash / bank (balance amount)

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Compound journal entry is that entry which records more than one business transaction in one single journal entry.

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There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.

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cash book, petty cash book, returns inwards journal, returns outwards journal, yes

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We are purchasing stock rs 3480.00 they give discount rs 170.00 how do we entry the purchase

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